Common use of Legal Existence and Good Standing Clause in Contracts

Legal Existence and Good Standing. Parent shall, and shall cause each of its Subsidiaries to, maintain its legal existence and its qualification and good standing in all jurisdictions in which the failure to maintain such existence and qualification or good standing could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Remedytemp Inc), Guaranty Agreement (Mail Well Inc)

AutoNDA by SimpleDocs

Legal Existence and Good Standing. Parent shall, and shall --------------------------------- cause each of its Subsidiaries to, maintain its legal existence and its qualification and good standing in all jurisdictions in which the failure to maintain such existence and qualification or good standing could reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Credit Agreement (Mail Well Inc), Credit Agreement (Mail Well Inc)

AutoNDA by SimpleDocs

Legal Existence and Good Standing. Each of the Parent shall, and shall cause each of its Subsidiaries to, shall maintain its legal existence and its qualification and good standing in all jurisdictions in which the failure to maintain such existence and qualification or good standing could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Gundle SLT Environmental Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!